Qsemble Capital Management LP Sells 9,840 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Qsemble Capital Management LP trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 67.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,733 shares of the apparel retailer's stock after selling 9,840 shares during the quarter. Qsemble Capital Management LP's holdings in Abercrombie & Fitch were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ANF. Truist Financial Corp acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $472,000. Natixis Advisors L.P. acquired a new stake in Abercrombie & Fitch during the fourth quarter valued at $988,000. National Bank of Canada FI grew its stake in Abercrombie & Fitch by 1.6% in the fourth quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer's stock valued at $780,000 after purchasing an additional 132 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Abercrombie & Fitch in the 4th quarter worth about $1,393,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth about $256,000.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF traded up $4.49 during midday trading on Friday, hitting $142.03. The company's stock had a trading volume of 1,650,029 shares, compared to its average volume of 1,717,880. The stock's 50 day simple moving average is $153.32 and its 200 day simple moving average is $146.24. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 17.09 and a beta of 1.50. Abercrombie & Fitch Co. has a fifty-two week low of $49.24 and a fifty-two week high of $196.99.

Analyst Upgrades and Downgrades

ANF has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Argus cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Finally, Morgan Stanley lowered their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.57.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Samir Desai sold 19,041 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company's stock, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 3.77% of the stock is currently owned by insiders.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.